The number the market has been waiting for with bated breath arrives: CHINA 1Q GDP GROWS 8.1% ON YEAR, EXPECTED 8.4%, and whispered at 9.0% CHINA'S MARCH INDUSTRIAL OUTPUT RISES 11.9% FROM YEAR EARLIER CHINA STATISTICS BUREAU SAYS PROBLEMS REMAIN IN THE ECONOMY CHINA 1Q RETAIL SALES RISE 14.8% VS EST. 14.8% NBS: CHINA STILL FACES UPWARD PRESSURE ON INFLATION NBS: CHINA FACES DIFFICULTY STABILIZING EXPORTS And the worst: no RRR cut coming either it appears: NBS: CHINA STILL FACES UPWARD PRESSURE ON INFLATION And so the rumormill, which was expecting some ridiculous GDP print of 9.0% based on a third-rate research ... (full story)